Tesla on late Wednesday evening increased the sticker prices for its electric vehicles (EVs) yet again — reports Tesla North.
In Canada, the automaker hiked prices by up to $10,400 CAD on five vehicle trims. The U.S. saw prices rise by up to $6,000 USD on the same cars.
Post-update pricing for Tesla EVs in Canada is as follows:
Model S
Model X
Model 3
Model Y
The Long Range trims of the Model S and Model X have taken the hardest hits, with hikes of $7,400 and $10,400, respectively.
Tesla only raised pricing on one Model 3 variant, while the EV juggernaut’s best-seller, the Model Y, saw both of its trims slapped with higher sticker prices.
The last time Tesla prices went up in Canada was just over a month ago. At the time, the automaker’s entire lineup became up to $3,000 more expensive. Tesla also increased pricing for the Full Self-Driving (FSD) upgrade in Canada alongside the previous price bump.
In comparison, new U.S. pricing for Tesla EVs can be found below:
Model S
Model X
Model 3
Model Y
While Tesla has not offered a reason for the price hikes, it’s likely the same story as the rest of the automotive industry and the global market as a whole: inflationary pressure on costs, a still-persisting global chip shortage, and supply chain woes.
What’s more, the gap between Tesla’s production capacity and mounting demand for its EVs continues to grow. Company CEO Elon Musk said last month that Tesla may have to limit orders or stop taking them altogether because of the supply-demand disparity.
Tesla is currently running a campaign to lobby for an energy-based billing model (instead of the time-based system in use right now) at Superchargers in Canada. The company is also reportedly considering Canada as a possible location for its next factory.
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And yet Tesla sycophants will continue to pay up.
#sad
Gonna be interesting to see how much battery replacement costs down the line and general issues needing repair out of warranty. It won’t be cheap.
It must be a coincidence that Tesla’s price increase comes as gas prices skyrocket right?
That’s a lot of driving to make up for in some cases nearly 11000 dollars price hike, and let’s not forget the additional GST and PST on top of that, in some cases an extra thousand.
No, it’s our declining dollar combines with record inflation. The increase costs of and reduced access to rare earths and other minerals and resources necessary for an electrified world also contribute.
Don’t worry, I hear Trudeau’s got a plan to fight inflation by injecting even more government spending into the economy. Counter intuitive and against all accepted economic models, I know, but the libs are sure it’ll work.
Are you able to answer any question without mentioning politics/Trudeau? Did he sleep with you mom or somethin?
You need a therapist dude.
This is a tech site, grow up
It was relevant to the discussion of why prices are increasingly. Inflation affects tech too.
Or, did you think more planned government spending increases would reduce inflation?
Time to let go of the nuts. Hugging too hard seems to have caused you some neurological issues sweetheart.